CT Real Estate Investment Trust (TSE:CRT.UN – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.73 and traded as high as C$13.91. CT Real Estate Investment Trust shares last traded at C$13.89, with a volume of 126,726 shares trading hands.
Analyst Ratings Changes
Separately, BMO Capital Markets boosted their price target on shares of CT Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$16.29.
Check Out Our Latest Research Report on CT Real Estate Investment Trust
CT Real Estate Investment Trust Stock Performance
CT Real Estate Investment Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.0748 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Monday, April 29th. CT Real Estate Investment Trust’s dividend payout ratio is currently 103.45%.
About CT Real Estate Investment Trust
CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 325 properties totaling approximately 26 million square feet of GLA, consisting primarily of retail properties located across Canada.
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